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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
Present value of an Annuity of 1
   Periods   8%   9%   10%
   1   .9259   .9174   .9091
   2   1.7833   1.7591   1.7355
   3   2.5771   2.5313   2.4869
A company has a 9% blended cost of capital and is considering investing in a project that requires an initial cash outlay of $30,000. The project expects to save $13,000 annually in overhead. This equipment has an estimated useful life of 3 years. Assume the savings occurs at the end of the year. The present value of future cash inflows for this project is
A) $32,906.90
B) $  2,906.90
C) $  3,296.90
D) $39,000.00
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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#2
7 years ago
Was looking for this exact answer, thanks
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